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Oct 9, 2012
10/12
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he held the deficit steady. how much debt has the president run up? >> $6 trillion. >> very good. $6 trillion. >> yes. and let me ask you this. what is... is that -- is that all bush's fault? >> no. what is the debt bush ran up? >> bush? okay. >> well, well... >> look. >> no. no. >> bush is gone. >> i'm not defending bush. >> bush is gone. this isn't a question of defending bush. >> sure sit. >> it's a question of putting our issues in context. contest isn't a proper. >> you're saying look. my guy ran up $6 trillion in debt. but what did bush do? come on. it's ridiculous. it doesn't matter what bush did. the job of the president now is to get the debt under control and you've got to -- . >> exactly. >> i can see why obama did badly in the debate. the altitude really is rough up here in come redistribution. do you believe it? >> do you? >> i asked first. >> i believe... >> i believe in social security. do you believe in social security. >> yes. >> so we're both socialists? >> no. no. >> social security isn't redistribution? >> no. it's not. >> you pay
he held the deficit steady. how much debt has the president run up? >> $6 trillion. >> very good. $6 trillion. >> yes. and let me ask you this. what is... is that -- is that all bush's fault? >> no. what is the debt bush ran up? >> bush? okay. >> well, well... >> look. >> no. no. >> bush is gone. >> i'm not defending bush. >> bush is gone. this isn't a question of defending bush. >> sure sit. >> it's a question of...
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Oct 7, 2012
10/12
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KPIX
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me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him.
me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still...
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Oct 7, 2012
10/12
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we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea party members you hope to defeat this remember will still be here, will still be voting members until at least january, how do you navigate that if democrats are successful in november? >> time in thinking the day after. am focus on how to get into a position where we within the house of representative then we can reach out and cross the aisle and talk to moderate republicans and maybe even to some tea party republicans who have now bee been, have now learned the lesson firsthand as painful it may be that extremism is not a virtue. and maybe we'll be able to talk some sense into
we are ready to have a deficit reduction deal that is big, bold, and balanced. we also understand that in addition to spending cuts you go got to have revenue. hope that moderate republicans will be empowered to negotiate that with us for the good of the country. we have eight minutes left here.x >> congressman, you talked a little bit about that.xxx you know, when we come back and in november and to the capital, all of the congress, all the members of congress including some of the tea...
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Oct 7, 2012
10/12
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CSPAN
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we are ready to have a deficit reduction bill that is big, bold and balanced. but we also understand that and in addition to spending cuts coming up to have some revenue. and i hope that moderate republicans will be empowered to negotiate that with us for the good of the country. >> when we come back in november, all of the members of congress, including some of the tea party members to vote to defeat this year, will still be your, -- will still be here. how do you navigate that if democrats are successful in november? >> again, i am not really thinking about the day after. i am focused on how do we get to a position where we win the house representatives and then we can reach out across the aisle and talk to moderate republicans and maybe even to some tea party republicans who have now learned the lesson first hand, as painful as it may be, that extremism is just not a virtue. and maybe we will be able to talk some sense into them and get back to where we were in the debt reduction talks last august. three times, we had a debt reduction deal with john boehner
we are ready to have a deficit reduction bill that is big, bold and balanced. but we also understand that and in addition to spending cuts coming up to have some revenue. and i hope that moderate republicans will be empowered to negotiate that with us for the good of the country. >> when we come back in november, all of the members of congress, including some of the tea party members to vote to defeat this year, will still be your, -- will still be here. how do you navigate that if...
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unemployment rate of nearly 25% the government is hoping larger reduction in spending will reduce the nation's deficits >> turkey has fired into syria for a fourth straight day it. is in response to a syrian mortar that landed near a village on wednesday killing five civilians. there were no immediate reports today of casualties >> your live illinois lottery drawing is next... break week 5 of the nfl.. lexus long drive... plus prep pick 3... 8 4 9 pick 4... hist2 2 8 3 5 lucky day lotto... 6 7 32 23 27 break [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. great weather for the marathon ... >> temperatures were in the low 40's when it started... we have colder temperatures coming in tonight. time lapse cameras... only a few clubsouds... we're under a very cool flow. the high today was 51 degrees. look how far so
unemployment rate of nearly 25% the government is hoping larger reduction in spending will reduce the nation's deficits >> turkey has fired into syria for a fourth straight day it. is in response to a syrian mortar that landed near a village on wednesday killing five civilians. there were no immediate reports today of casualties >> your live illinois lottery drawing is next... break week 5 of the nfl.. lexus long drive... plus prep pick 3... 8 4 9 pick 4... hist2 2 8 3 5 lucky day...
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Oct 12, 2012
10/12
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CURRENT
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where the hell did this deficit come from? you guys gave it to us. and you never show the policy. >> jennifer: yeah, he came back from the molarky at the very start, there were a number times that it was just boom, boom. >> john: i wish i made mularkey my drinking game word -- >> jennifer: or friend. >> eliot: paul ryan didn't use the very -- especially as we were chatting a few moments ago when joe biden said you know i believe and mean what i say. well mr. vice president you just said this -- >> cenk: biden mentioned the 47% a couple of times. heated discussion continues after the break. and we'll have david shuster in kentucky. and i'm curious how it is being spun after this. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. (vo) she's joy behar. >>current will let me say anything. >> cenk: we're back on current's exciting dramatic coverage of the vice president debate. in that one was a lot of fun. and michael shure of course was in the "war room" in sa
where the hell did this deficit come from? you guys gave it to us. and you never show the policy. >> jennifer: yeah, he came back from the molarky at the very start, there were a number times that it was just boom, boom. >> john: i wish i made mularkey my drinking game word -- >> jennifer: or friend. >> eliot: paul ryan didn't use the very -- especially as we were chatting a few moments ago when joe biden said you know i believe and mean what i say. well mr. vice...
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Oct 6, 2012
10/12
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KQED
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....
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Oct 14, 2012
10/12
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FOXNEWSW
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taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent people how do you pay for it and you refuse to say how you will pay for it? >> we will pay for it by eliminating deductions and loopholes and making sure for the middle class that protecting the home mortgage deduction and other important deductions for them but at the high end you would eliminate deductions and a lot of special interest loopholes that would allow you you to bring down the rate 20%. six different studies said this is -- >> chris: those studies are questionable. some of them are blogged. some from the aei which is hardly an independent group. >> these are credible sources and -- >> chris: on
taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent...
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Oct 14, 2012
10/12
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FBC
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom i
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. nonether than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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Oct 13, 2012
10/12
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CNNW
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we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone would like to know the answers to these questions, but you have professional groups disagreeing about the economic impact of these things. so we don't really know. >> we have more clarity on the spending side where romney has said he wants to limit federal spending which would mean significant reductions in what the federal government does on a whole variety of fronts. even romney has said $500 billion a year in cuts by 2016. so that is a major difference that's out there. >> that's easier said than done as we know from covering congress for many years. >> and big bird is obvio
we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone...
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Oct 14, 2012
10/12
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WBFF
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the share of taxes paid by upper income iners and give tax relief to the middle class and it will be deficit neutral and you can do all of those things and have people understand that that election was about this and we need this kind of pro-growth tax reform agenda. and, then work out the details in the same way, ronald reagan did with tip o'neill and working across the aisle. the governor has a proven record of being able to work across this aisle. >> chris: there are a lot of question from independent people, how do you pay for it and you refuse say. >> what we have said is we are going to pay for it by limiting deductions in the polls -- and, by the way, making sure for the middle class, that protecting the home mortgage deduction and other important deductions for them and at the high end you would eliminate deductions and, you know, a lot of special interest loopholes that would allow you to bring down the rate 20%, six studies... >> chris: those are questionable, some of them are blogs and some from the aei... an independent group. >> these are credible sources, and, you know... >> ch
the share of taxes paid by upper income iners and give tax relief to the middle class and it will be deficit neutral and you can do all of those things and have people understand that that election was about this and we need this kind of pro-growth tax reform agenda. and, then work out the details in the same way, ronald reagan did with tip o'neill and working across the aisle. the governor has a proven record of being able to work across this aisle. >> chris: there are a lot of question...
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Oct 14, 2012
10/12
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CNN
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that means the deficit would rise by $6.7 trillion. it's a good first step, but budget experts say that's still too high. mitt romney, meanwhile, has focused on the cuts. his economic plan, 55% of it cap spending at 20% gdp but his plan avoid cutting from defense. mitt romney says he would approve a balanced budget plan that only spends as much as it takes in, and he would also pursue entitlement reform. mitt romney's issues are taxes. romney's plan called for a 20% tax cut across the board. he said he would balance the loopholes and he said he would take care of the middle class family. but it's impossible to lower rates without taking money from low and middle income families. his plan would leave debt at 85% gdp by the end of the decade. we've been telling you also about the fiscal cliff. budget cuts will take place at the beginning of next year unless congress acts. president obama or president romney will need to worry about a rescisicessionrecession. they won't need to worry about a deficit. it would fall this year if we fell off
that means the deficit would rise by $6.7 trillion. it's a good first step, but budget experts say that's still too high. mitt romney, meanwhile, has focused on the cuts. his economic plan, 55% of it cap spending at 20% gdp but his plan avoid cutting from defense. mitt romney says he would approve a balanced budget plan that only spends as much as it takes in, and he would also pursue entitlement reform. mitt romney's issues are taxes. romney's plan called for a 20% tax cut across the board. he...
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Oct 11, 2012
10/12
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KTVU
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stocks were up due to the encouraging weekly jobs claim number but were tempered by a widening trade deficit and higher unemployment in greece. >>> and more worrisome news for the global economy. s&p 500 a downgrading spain's credit rating, it dropped two levels. s&p says the downgrade comes because the capacity for spain's political institutions to deal with the current economic sand finance am crisis is declining. >>> our report out today says tourist force the london olympic and paralympic games failed to give a boost. the number of visitors was lower between june and august compared to the previous year. it dropped about 7%. the tourists said the spending hovered around the same before at $9.7 billion. >>> a report says airlines are reduce the number of long tarmac waits that customers have to sit through. the report was released by the u.s. department of transportation. in august, airlines reported tarmac delays longer than three hours. they must be reported. luggage lost and discrimination complaints are as down -- are also down. >>> there are new clues in the case of a missing hayward
stocks were up due to the encouraging weekly jobs claim number but were tempered by a widening trade deficit and higher unemployment in greece. >>> and more worrisome news for the global economy. s&p 500 a downgrading spain's credit rating, it dropped two levels. s&p says the downgrade comes because the capacity for spain's political institutions to deal with the current economic sand finance am crisis is declining. >>> our report out today says tourist force the...
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Oct 10, 2012
10/12
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FOXNEWS
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you expose how detached the president is, as it relates to the budget dole and the deficit. he has a lack of relationships. you're best known for watergate. here we have a situation in benghazi, a known hot bed for terrorist training, an ambassador writing in his diary that he felt his life was in jeopardy. he requested additional security and it was denied. the libyan president said it was a terror attack from the very beginning. the white house went out there with this line that this was spontaneous with mortars and rocket-propelled grenades. it had nothing to do with america and the anniversary of 9/11. it was all based on a movie trailer. all of this story is unraveling. i would think, as a reporter, i am not a reporter, you are known to be a great reporter. this would be a gold mine. why are your colleagues in the media ignoring it? >> well, actually, some very strong stories have been done -- in the washington post -- they have. there is more to be done. clearly there is a disconnect -- i just want to correct one thing about what i say in the book about obama. i don't
you expose how detached the president is, as it relates to the budget dole and the deficit. he has a lack of relationships. you're best known for watergate. here we have a situation in benghazi, a known hot bed for terrorist training, an ambassador writing in his diary that he felt his life was in jeopardy. he requested additional security and it was denied. the libyan president said it was a terror attack from the very beginning. the white house went out there with this line that this was...
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Oct 12, 2012
10/12
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CSPAN
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 14, 2012
10/12
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WJLA
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obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this messe. when we switched to fios, we got better tv, better phone better internet. [ male announcer ] it's time to get more for our money. upgrade to verizon fi internet, tv anand phone with our best price online: just $84.99 a month, guaranteed for one year with no annual contract. internet is absolutely imperative for school nowadays. look up this, write an essay on that. my life is greatly improved because of fios. [ male announcer ] don't wait! switch to fios for a super-low $84.99 a month for a year with no annual contract. visit verizon.com/superoffer. contact the verizon center for customers with disabilities welcome to life on fios. at 800-974-6006 tty/v. this year,
obama's four deficits are the four largest in us history. he's adding almost as much debt as all 43 previous presidents -- combined. and over 30 cents of every dollar obama spends is borrowed. much of it from countries like china. he's not just wasting money he's borrowing it and then wasting it. we can't afford four more years. [ romney ] i'm mitt romney and i approve this messe. when we switched to fios, we got better tv, better phone better internet. [ male announcer ] it's time to get more...
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Oct 7, 2012
10/12
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CSPAN
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to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's plan. he is calling for a permanent across-the-board 20% cut in marginal rates. it also maintains current tax rates on interest, dividends, and capital gains. eliminating taxes on adjusted gross income below $200,000. he would eliminate the estate tax and repeal the amt. jump into some of the other mentions for guest: us repealing the alternative minimum tax is something economists would like. it is a parallel tax system. in principle every american has to compute their taxes two ways. they have to pay whichever amount is hi
to make a deficit neutral. if you actually run the numbers, which we have, if you take away every single tax break high- income people get, they still are better off with a rate reduction of 20%. the rate reduction is worth more to them that all of the deductions they get. if he sticks with the 20% rate reduction, high income people will see their taxes go down. if he will make his plan deficit neutral, he will have to raise taxes somewhere else. host: let's look at details of mitt romney's...
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Oct 12, 2012
10/12
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CSPAN
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eye 127
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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Oct 10, 2012
10/12
by
FBC
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eye 118
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if you look a that looming debt and deficit, as far as the eye can see, i think we a realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues areoing to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were government is forging the behaor and punishing bad behavior, is that we want to do? no. i think we can simplify and make it fair. by that we would give greater revenues. >> it sounds like it does commission point of view. enough of us know we have to pony up and get over ourselves and so the bg problems. neil: whenever you do or a la-duck session does, we won't be here deember 301st. >> is heavilyope not. i think that leads -- we already have uncertainty. this brings more. lack of faith. possible downgrade. i don't hink we consummate that and i don't think we should. we at least but to next year and figure o
if you look a that looming debt and deficit, as far as the eye can see, i think we a realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues areoing to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were...
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Oct 6, 2012
10/12
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WETA
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 8, 2012
10/12
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KCSM
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he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campaign folks, every time biden is out there, they are nervous about w
he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been...
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enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of
enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the...
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is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that. the fact of the matter is the president because he has the responsibility of office has been specific about what he proposes and mitt romney tells us to trust him. his plan is hiding behind door number three with carroll merrill and his undisclosed tax returns. >> chris: i'm glad you practiced the line. >> the lines are great. his budget tax increase on job creators. budget gimmicks brings us to $25 trillion in debt over ten years. this president has added more are debt than any other president -- >> not true. >> he said he w
is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that....
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and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going there anyway. >> all right, i tell what you, guys, we may, to adam's point have it for a couple of days, but tell you charlie the only reason we will have it for a couple of days the markets would react if this things started. >> i agree. why would the markets react if you're going to do something-- >> got you there. >> and the same way it reacted last year when we talked about double dip recession. >> that was a default. >> and cut spending, charlie, the economy-- >> and everyone made great points, by the way, neil is not waiting around for lawmakers for this f
and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what--...
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we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's plan is, they say it is a speech. we can't estimate speeches. that is what we get with this administration. the speeches, but no leadership. mitt romney is uniquely qualified to fix these problems. and what do we have? the president broke his big promised to bring people together to solve the country's biggest problems. we don't have to settle for this. i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets have eviscerated all the things the middle class cares about. it will mock 19 million people off of medicare and k
we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's...
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get this deficit and debt under control. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him. but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northborough, massachusetts, the other day. cheryl and mark nixon. their kids were hit in a car crash. four of them. two of them were paralyzed. the romneys didn't know them. they went to the same church. mitt asked if they could come over on christmas. he brought his boys, his wife and gifts. later on he said i know you're struggling, mark. don't worry about their college, i'll pay for it. when mark told me this story, because you know what, mitt romney doesn't tell these stories. the nixons told this story. he said it wasn't the help, the cash help, it's that he gave his time and he has consistently. this is a man who gave 3
get this deficit and debt under control. make trade work for america so we can make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses because they're our job creators. he talks about detroit. mitt romney is a car guy. they keep misquoting him. but let me tell you about the mitt romney i know. this is a guy who i was talking to a family in northborough, massachusetts, the other day. cheryl and mark nixon. their kids were hit in a...